£147,871
This estimated value is based upon the latest sale price for the house of £120,000 on 26 Nov 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £120,000 | 26 Nov 2018 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in November 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £120,000 results in an estimated price of approximately £147,871.
| 26 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £120,000 | £27,871 | £147,871 |
The Postcode Pricing Model uses changes in average sales price within the B64 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 15.919 % | £19,102 | £139,102 |
| 3 Month Average | 25.146 % | £30,175 | £150,175 |
| 6 Month Average | 17.700 % | £21,240 | £141,240 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £233,138 | £230,000 | 137 WRIGHTS LANE |
| 10 Jul 2023 | £159,142 | £157,000 | 122 WRIGHTS LANE |
| 21 Apr 2023 | £151,633 | £150,000 | 124 WRIGHTS LANE |
| 10 Aug 2022 | £178,021 | £178,500 | 119 WRIGHTS LANE |
| 24 Jun 2022 | £254,598 | £251,000 | 41 STATION ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 31 Mar 2014. Using an estimated price of £147,872 means this house is valued at £1,680 per sq meter (£156 per sq foot).
The average size of a house on STATION ROAD is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Meadow Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Great Western Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beauty Bank |
| Dec 2023 | Shoplifting | Unable to prosecute suspect | On or near Halesowen Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cherry Orchard |